Tag Archives: gift

Andy Warhol Farrah Fawcett Portrait Trial Ends In Ryan ONeal’s Favor

Farrah Fawcett’s estate planning wishes have been at the center of a number of lawsuits, as we describe in this article about Ryan O’Neal.  O’Neal was sued by the University of Texas, which claimed that he wrongfully removed the famed Andy Warhol Farrah Fawcett painting from her home after she died.  O’Neal defended himself, saying that this copy of the painting was his and he had permission to take it back after Fawcett died.  Farrah-Fawcett-Portrait-by-Andy-Warhol

The University of Texas disagreed, suing O’Neal back in 2011.  The University’s lawyers felt that, because Fawcett’s revocable living trust left all of her artwork to the University, it should be the rightful owner of the Farrah Fawcett paining, not O’Neal.  It turns out there were actually two copies of the famed portrait, and the University already received one of them.  But it sued O’Neal for the other one too.

The case proceeded to trial last month, lasting three weeks.  O’Neal called several witnesses, including former friends of Fawcett and her former caregiver, who Read more...

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No Happy Mothers Day: Kobe Bryant Disputes Mother In Lawsuit

Kobe Bryant, long-time Los Angeles Laker and future Hall-of-Famer, is in a bitter feud with his own mother over ownership of memorabilia potentially worth more than one million dollars.  He’s locked in a he-said, she-said dispute about whether he gave the items to his mother or not.  Kobe Bryant  Lawsuit

Kobe’s mother, Pamela Bryant, signed a Consignment Agreement with Goldin Auctions, in New Jersey.  In doing so, Pamela gave permission to sell more than 100 items from Kobe’s childhood, including his high school game-worn uniforms, NBA championship rings, and high school Varsity letters.  Goldin Auctions, a noted sports memorabilia auctioneer, advanced $450,000 to Pamela, which she used to purchase a house.

The big problem, of course, is that Kobe Bryant says he never gave the items to his mother and that he certainly never authorized the auction.  He sued the auction house in California to stop the sale, just days after the auction house sued him in New Jersey to permit the auction to go forward.

Kobe Bryant Disputes Mother In Lawsuit

While Read more...

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